Bob Buente South Park BID Emails through 10/2018

RE:Insurance

Subject: RE: Insurance

From: Robert Buente </o=ExchangeLabs/ou = Exchange Administrative Group
(FYDIBOHF23SPDLT)/cn=Red pients/cn=c7bl814176124b59b21d8fda30e507d8-
bbuente>

Date: 04/24/2018 11:54 AM

To: 'Ellen Riotto' <ellen@southpark.la>, Channing Flenry
<channing.henry@gmail.com>

CC: Robin Bieker <robin@biekerco.com>, Daniel Taban <daniel@jadeent.com>

Channing...I thought the same thing. That said Arroyo has always been one of the more
spendy brokers for non profit insurance. HUB is pricing us as a non profit while it
appears Arroyo has been pricing us as a service contractor that happens to be a non
profit. I'm not sure that gives us "better" coverage but it certainly saves us a lot of
money

Robert Buente
President/CEO

1010 Development Corporation
1001 South Hope Street
Los Angeles, CA 90015

213-749-0214 x202

bbuente@lQ10dev.orq

From: Ellen Riotto <ellen@southpark.la>

Sent: Tuesday, April 24, 2018 11:30 AM

To: Channing Henry <channinq.henry@qmail.com>

Cc: Robert Buente <bbuente@1010dev. orq> ; Robin Bieker <robin@biekerco. com> ; Daniel Taban
<daniel(ajadeent. com>

Subject: Re: Insurance

Yes. The limits are either the same or higher. I'm baffled that we've been paying so much
for so long.

Ellen Riotto

Executive Director

South Park BID

1100 S Flower St, #3400, Los Angeles, CA 90015 <x-apple-data-detectors://0/l>

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RE:Insurance

o. 213-663-1112 <tel:213-663-1112>

24/7 <x-apple-data-detectors ://l> : 866-560-9346 <tel:866-560-9346>

Sent from my iPhone

On Apr 24, 2018, at 11:28 AM, Channing Henry c channinq.henry@qmail.com
<mailto:channinq.henrygqmail.com> > wrote:

It's an alarmingly big difference. Do you feel comfortable with the level of
coverage with HUB relative to Arroyo given that?

Channing Elise Henry

Alma Development and Advisory

channinq@almadevelopment.com <mailto:channinq@almadevelopment.com>
917-270-3140

On Apr 24, 2018, at 10:50 AM, Robert Buente < bbuente@1010dev,orq
<mailto:bbuente@1010dev.orq> > wrote:

I just revisited HUB'S site and they have many many business lines they
insure...not just entertainment

Robert Buente
President/CEO

1010 Development Corporation
1001 South Hope Street
Los Angeles, CA 90015

213-749-0214 x202

bbuentegi010dev.orq cmailto:bbuentegiQlOdev,orq>

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10/19/2018 08:55 AM

RE:Insurance

From: Ellen Riotto < ellen@southpark.la <mailto:ellen@southpark.la> >
Sent: Tuesday, April 24, 2018 10:30 AM

To: Robert Buente < bbuente@1010dev.orq <mailto:bbuente@1010dev.org> >;
Robin Bieker < robin@biekerco.com <mailto:robin@biekerco.com> >; Daniel Taban
< daniel@jadeent.com <mailto:daniel@jadeent.com> >; Channing Henry
< channinq@almadevelopment.com <mailto:channinq@almadevelopment.com> >

Subject: Insurance

All,

FYI I'm recommending that we switch insurance brokers. We've been using
Arroyo Insurance Services, but I requested a quote from another broker (HUB) and here's
the premium breakdown:

Coverage

Arroyo

HUB

General Liability
$22,406.78
$3,698.00
Excess Liability
$15,164.21
$8,500.00

Commercial Property
$1,930.00
$1,225.00
Workers 1 Comp
$8,303.00
$2,253.00
Cyber Liability
NA

$95.00

Dir. & Officers
$1,995.00

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RE:Insurance

$1,995.00

$49,798.99

$17,766.00

limits.

Detailed proposals are attached. You'll see in most cases, HUB has higher

Unless I hear concerns from you, I'm going to move forward with HUB. I'd
like to let them know by EOD today if possible.

Thanks,

Ellen

Ellen Riotto
Executive Director
<image001.png>

South Park Business Improvement District

1100 S Flower St, Suite #3400, Los Angeles, CA 90015

ellen@southpark.la <mailto:ellen@southpark.la> | o. 213 663 1112

southpark.la <http://www.southpark.la/> | Facebook <http://fb.com
/SouthParkLosAngeles> | Twitter <https://twitter.com/southparkla> | Instagram
<https://www.instag ram.com/southparkla/>

24/7 DISPATCH: 866-560-9346

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